The Global Polypropylene Market Share, Trends, Analysis and Forecasts, 2020-2030 provides insights on key developments, business strategies, research & development activities, supply chain analysis, competitive landscape, and market composition analysis.
The global polypropylene market size was estimated to be US$ 110 billion in 2019 and expected to reach US$ 155 billion by 2030 at a CAGR of 3.2% through 2030. Polypropylene is a thermoplastic polymer used across wide range of applications. Produced by catalytic polymerization of propylene, polypropylene possesses good tensile strength, strong chemical resistance and high surface hardness. Polypropylene is widely used in the production of rigid packaging, industrial containers, furniture, automotive components, industrial components, and so on. Rising demand for processed food & beverages has resulted in increased demand for flexible and reliable packaging materials without impacting the properties of packaged food. This has significantly fuelled the adoption of polypropylene in the packaging of food & beverage.
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